Which Is the Date When Employees Elect to Exchange the Option

question 53

Multiple Choice

Which is the date when employees elect to exchange the option and cash for shares of common stock?

• A) vesting date
• B) grant date
• C) exercise date
• D) market date

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Definitions:

Materials Price Variance

The difference between the actual cost of materials and the standard (or expected) cost, indicating how much more or less was spent on materials than was planned.

Labor Rate Variance

The difference between the actual cost of labor and the budgeted cost of labor at the standard rate.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on standard cost accounting.

Variable Overhead Rate Variance

The difference between the actual variable overhead incurred and the expected variable overhead based on the predetermined rate.